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FORM 5500 DATA

Numark International, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan01/01/1996
  • Net Assets as of 12/31/2013 $3,984,460
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants163
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits31
  • Subtotal194
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total194
  • Total number of participants as of 01/01/2013185
  • Number of participants with account balances117
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address200 Scenic Veiw Dr
  • CityCumberland
  • StateRI
  • Zip02864
  • Telephone(401) 658-3131
  • EIN52-1784750
  • Industry Code423600
  • Named AdministratorJody Iannone

Audit Information

  • Audit StatusAudited
  • AuditorStowe & Degon LLC
  • Auditor EIN04-3379904
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $316
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $323,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $1,252,927
Contributions $647,268
Cash Contributions $647,268
Cash from Employers $151,761
Cash from Participants $492,481
Others (including rollovers) $3,026
Noncash Contributions $0
Total Earnings on Investments $605,659
Total Interest $416
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $416
Interest from Other Investments $0
Total Dividends $159,691
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $46,023
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $399,529
Other Income $0
Expenses $491,082
Total Benefit Payments $414,527
Directly to participants or beneficiaries, including direct rollovers $414,527
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $74,673
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $1,882
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $1,882
Net Income $761,845
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $3,984,460 $3,222,615 23.64%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $151,761 $98,173 54.59%
Employer Contributions $151,761 $97,651 55.41%
Participant Contributions $0 $522 0.0%
Other Contributions $0 $0 0.0%
General Investments $45,359 $32,838 38.13%
Interest-bearing cash $45,359 $32,838 38.13%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $6,859 $1,130 506.99%
Value of interest in common/collective trusts $124,336 $234,519 -46.98%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $3,656,145 $2,855,955 28.02%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $3,984,460 $3,222,615 23.64%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Alliancebernstein L.P.
  • Allianz Global Investors Distributo
  • American Century Investment Service
  • Davis Distributors, LLC
  • Delaware Investments
  • Fidelity Distributors Corp.
  • Franklin Templeton Distributors, In
  • Goldman Sachs
  • Invesco Distributors, Inc.
  • Janus Distributors, LLC
  • Mfs Fund Distributors, Inc.
  • Oppenheimer Funds Inc.
  • Prudential Investments LLC
  • T. Rowe Price
  • Victory Capital Management

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
ADP Participant loan processing, Direct payment from the plan, Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees Record Keeper $1,881 $0 $1,881
State Street Corporation Trustee (bank, trust company, or similar financial institution), Other fees Directed Trustee/Custodia $0 $500 $500
Adp Broker-Dealer Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees, Other services, Other fees Record Keeper $0 $0 $0
Ny Life Securities/ Alpha Pension G Other services, Other fees Advisor $0 $0 $0
Total $1,881 $500 $2,381

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Ny Life Securities/ Alpha Pension G Adp Broker-Dealer Other fees 0.0025 Basis Points $0
Adp Broker-Dealer Alliancebernstein L.P. Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Allianz Global Investors Distributo Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00200 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00200 of Average Daily Assets $0
Adp Broker-Dealer American Century Investment Service Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00500 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Davis Distributors, LLC Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00200 of Average Daily Assets $0
Adp Broker-Dealer Delaware Investments Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Fidelity Distributors Corp. Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00500 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00500 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00500 of Average Daily Assets $0
Adp Broker-Dealer Franklin Templeton Distributors, In Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00150 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Goldman Sachs Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Invesco Distributors, Inc. Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Janus Distributors, LLC Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Mfs Fund Distributors, Inc. Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00500 of Average Daily Assets Annual Rate 0.00150 of Average Daily Assets $0
Adp Broker-Dealer Oppenheimer Funds Inc. Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Prudential Investments LLC Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer State Street Corporation Other fees Annual Rate 0.00670 of Average Daily Assets Annual Rate 0.00630 of Average Daily Assets $0
Adp Broker-Dealer T. Rowe Price Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00500 of Average Daily Assets Annual Rate 0.00150 of Average Daily Assets $0
Adp Broker-Dealer Victory Capital Management Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Ssga S & P 500 Idx Ix State Street Bank & Trust Co DFE: Common/Collective Trust $98,357
Ssga Cash Series Us Govt L State Street Bank & Trust Co DFE: Common/Collective Trust $45,359
Ssga S & P Md Cp Idx Nl J State Street Bank & Trust Co DFE: Common/Collective Trust $25,979
Total $169,695

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.